China auto sales rise 5.3pc in August

| Updated: October 22, 2017 05:03:03

China auto sales rise in Aug

China's auto sales continued to increase in August, evidence of the steady growth of the world's largest car market, data from the China Association of Automobile Manufacturers (CAAM) showed Monday.


Some 2.19 million vehicles were sold last month, up 5.3 per cent year on year, maintaining momentum in July that saw sales rise 6.2 per cent, reports Xinhua.


Meanwhile, 2.09 million vehicles were produced in August, up 4.8 per cent from the same period last year, according to the CAAM.


In the first eight months, total auto output and sales increased by 4.7 per cent and 4.3 per cent year on year to 17.68 million and 17.51 million vehicles, respectively.


The market share of domestic brands went up 5.3 per cent year on year in August, said the CAAM.


Sales and production of new energy vehicles maintained fast growth. Some 72,000 new energy vehicles were produced in August, up 67.3 per cent year on year, and 68,000 were sold, up 76.3 per cent from the same period last year.


Earlier data from the China Passenger Car Association showed China sold 54,000 new energy passenger cars last month, surging 25 per cent month on month.


The robust growth came as China has intensified efforts to encourage the use of new energy vehicles to ease pressure on the environment, by offering tax exemptions and discounts for car purchases, and ordering government organizations to buy more new energy cars.


China has been the world's largest car market for eight consecutive years.

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